Will Gamuda and MMC fly tomorrow?



Announcement Details/Table Section :


We refer to our announcement dated 20 December 2010 in respect of the above matter.

Gamuda Berhad wishes to announce that MMC Corporation Berhad-Gamuda Berhad Joint Venture, a 50:50 joint venture between the two companies (“the JV”), had on 28 January 2011 received a Letter of Award from Syarikat Prasarana Negara Berhad (“SPNB”) appointing the JV as PDP for the implementation of the Klang Valley Mass Rapid Transit Project (“Project”).
The scope, terms and conditions of the appointment will be subject to:
(i) the terms of the finalised and executed Project Agreement between the Government of Malaysia and SPNB; and
(ii) the execution of a comprehensive and definitive agreement between the JV and SPNB.
Gamuda Berhad will make the appropriate announcement to Bursa Malaysia as and when there is a material development in relation to the Project.
This announcement is dated 31 January 2011.

Forgot about the FT Day.

Qtr after Qtr making loss any yet this co still has a market cap of 500Mil .
The owner "Puan" simply amazes me with his marketing skills by pulling in outsiders to invest. Looks like our local investors are smarter by not falling to his
sweet talk.

Guess what tomorrow he will be coming out and says that GPacket has increase its turnover and reduce in losses. lol

http://malaysiafinance.blogspot.com/